Are Wall Street Analysts Bullish on Allegion Stock?

Valued at a market cap of $14.6 billion, Allegion plc (ALLE) is a leading global provider of security and access control solutions. Headquartered in Dublin, Ireland, the company operates in over 120 countries with a portfolio of more than 30 trusted brands, including Schlage, LCN, Von Duprin, and CISA. 

Shares of ALLE have outpaced the broader market over the past 52 weeks. ALLE has risen 24% over this time frame, while the broader S&P 500 Index ($SPX) has gained 14.3%. Moreover, shares of ALLE are up 30% on a YTD basis, compared to SPX’s 9.5% rise.